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How commercial banks adjust capital ratios : empirical evidence from the USA?
Abbas, Faisal; Ali, Shoaib; Yousaf, Imran; Rizwan, Sohail - In: Cogent business & management 7 (2020) 1, pp. 1-18
This study examines the speed of adjustment of the leverage and regulatory capital ratios between 2002 and 2018 for large commercial banks of the USA. The study applies a two-step system GMM technique to obtain the speed of adjustment. The results prove that higher-quality capital requires...
Persistent link: https://www.econbiz.de/10012655130
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The impact of capital ratio on lending of EU banks - the role of bank specialization and capitalization
Olszak, Małgorzata; Pipień, Mateusz; Roszkowska, Sylwia - 2015
In this paper we aim to find out whether bank specialization and bank capitalization affect the relationship between bank loan growth and bank capital ratio, both in expansions and in contractions. We hypothesize that the impact of bank capital on lending is relatively strong in cooperative...
Persistent link: https://www.econbiz.de/10012030770
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Credit Rating, Banks' Capital Structure and Speed of Adjustment : A Cross-Country Analysis
Wojewodzki, Michal; Boateng, Agyenim; Brahma, Sanjukta - 2022
Recent studies examining the effects of a credit rating on firms’ capital structure and adjustment of capital structure to target have focused predominantly on non-financial firms, with virtually no attention given to financial institutions. Using an international sample of 391 rated banks...
Persistent link: https://www.econbiz.de/10013404996
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Asset encumbrance in euro area banks : analysing trends, drivers and prediction properties for individual bank crises
Berthonnaud, Pierre; Cesati, Enrico; Drudi, Maria Ludovica - 2021
, the availability of high quality collateral suitable for encumbrance, capital and sovereign funding conditions. Third, we …
Persistent link: https://www.econbiz.de/10012617772
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Corporate Loans, Banks’ Internal Risk Estimates and Central Bank Collateral : Evidence from the Euro Area
Calza, Alessandro; Hey, Julius-Benjamin; Parrini, Alessandro - 2021
the credit risk of their corporate loan portfolios when the latter are used as collateral in the Eurosystem’s monetary … actually used as Eurosystem collateral, particularly for large loans. The less conservative estimates of risk by IRBs relative … findings suggest the existence of a collateral-related channel through which the use of IRB ratings may influence the internal …
Persistent link: https://www.econbiz.de/10013217542
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The Debt-Equity Choice When Regulatory Thresholds are Based on Equity Values : Evidence from SOX 404
Weber, David P. - 2019
When larger market values of equity result in being subject to costly regulation, firms have incentives to shift their sources of financing toward debt and away from equity. We use the Sarbanes-Oxley Act of 2002 (SOX) as a setting to provide evidence of such incentives. Smaller firms were...
Persistent link: https://www.econbiz.de/10012867859
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The Debt-Equity Choice When Regulatory Thresholds are Based on Equity Values : Evidence from SOX 404
Weber, David P. - 2020
When larger market values of equity result in being subject to costly regulation, firms have incentives to shift their sources of financing toward debt and away from equity. We use the Sarbanes-Oxley Act of 2002 (SOX) as a setting to provide evidence of such incentives. Smaller firms were...
Persistent link: https://www.econbiz.de/10012855940
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Property enforcement as organized consent
Arruñada, Benito - In: The journal of law, economics, & organization 19 (2003) 2, pp. 401-444
Persistent link: https://www.econbiz.de/10001841398
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Property Enforcement as Organized Consent
Arruñada, Benito - 2018
enforcement, mobilizing the collateral value of assets and promoting growth. In contrast to contractual rights, property rights …
Persistent link: https://www.econbiz.de/10012706611
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Flexible Prices and Leverage
D'Acunto, Francesco - 2017
The frequency with which firms adjust output prices helps explain persistent differences in capital structure across firms. Unconditionally, the most exible-price firms have a 19% higher long-term leverage ratio than the most sticky-price firms, controlling for known determinants of capital...
Persistent link: https://www.econbiz.de/10012962123